Balkrishna

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

Balkrishna
Acharya Balkrishna.jpg
Born
Balkrishna Subedi

(1972-08-04) 4 August 1972 (age 47)[1]
NationalityIndian
OccupationAyurvedacharya[citation needed], Businessman
Known for98.6% owner of Patanjali Ayurved
Net worthUS $1.4 billion (December 2019)[2]
TitleMD/CEO, Patanjali Ayurved
Parents
  • Jay Vallabh Subedi (father)
  • Sumitra Devi (mother)
Websitewww.acharyabalkrishna.com

Balkrishna (born Balkrishna Subedi;[3][4] 4 August 1972) is an Indian billionaire, and the owner and chairman of the consumer goods company Patanjali Ayurved. He was reported by Forbes to have a net worth of US$1.4 billion as of December 2019.[2][5][4][6]

Early life[edit]

Balkrishna was born on 4 August 1972 in Haridwar, Uttarakhand (then Uttar Pradesh) to Nepalese immigrants, Sumitra Devi and Jay Vallabh Subedi from Syangja, Nepal.[1]

Career[edit]

In 1995, Balkrishna and Ramdev founded Divya Yoga Pharmacy in Haridwar, and in 2006, they founded Patanjali Ayurved,[7] an FMCG company involved in the manufacturing and trading of FMCG, herbal, and ayurvedic products.[8] Followers of Ramdev, NRIs Sunita and Sarwan Poddar, helped kick-start the business with a loan. According to Balkrishna, he had taken out a ₹50–60 crore loan at a time when he had never held a personal bank account in his name.[9] In 2012, the company posted a turnover of 450 crore (US$63 million) which by 2015–2016 had risen to 5,000 crore (US$700 million).[10]

While Ramdev does not hold a stake in Patanjali Ayurved, he is the face of the firm and endorses its products to his followers across his yoga camps and television programmes.[10] Balkrishna owns 98.6% of the company[2] and serves as its managing director.[11][better source needed] He is a close aide of Ramdev.[12]

Personal life[edit]

Balkrishna lives in Haridwar, Uttarakhand, and is unmarried.[2]

References[edit]

  1. ^ a b "Nepal followers celebrate Ramdev Aid Acharya Balkrishna's birthday with pomp". Daijiword.com. 4 August 2011. Retrieved 13 October 2016.
  2. ^ a b c d "Forbes profile: Acharya Balkrishna". Forbes. Retrieved 4 December 2019.
  3. ^ Priyanka Pathak-Narain (2017). Godman to Tycoon: The Untold Story of Baba Ramdev. Juggernaut Books. pp. 25–. ISBN 978-93-86228-38-3.
  4. ^ a b "A Billionaire With Fake Degrees And Passport - This Is Patanjali's CEO Acharya Balkrishna". indiatimes.com. Archived from the original on 17 March 2018. Retrieved 16 March 2018.
  5. ^ "Billionaire Baba: What makes Patanjali's Acharya Balkrishna one of India's richest". 26 September 2017. Retrieved 16 March 2018 – via The Economic Times.
  6. ^ "How Acharya Balkrishna built a multi-crore company - Billionaire Baba". The Economic Times. Retrieved 16 March 2018.
  7. ^ "Billionaire Baba: What makes Patanjali's Acharya Balkrishna one of India's richest". 26 September 2017. Retrieved 17 March 2018 – via The Economic Times.
  8. ^ "Ramdev turns his Ayurved enterprise into an FMCG empire". Business Standard. 1 July 2015. Retrieved 29 December 2017.
  9. ^ "The man who owns 94% of Patanjali Ayurved". The Times of India.
  10. ^ a b Singh, Kanishka (14 September 2016). "How our craze for Patanjali made Ramdev aide Acharya Balkrishna one of the wealthiest Indians". Indian Express. Retrieved 17 September 2016.
  11. ^ "Should Patanjali's Dizzying Growth Worry the Competition?". The Wire. 19 September 2016. Retrieved 13 October 2016.
  12. ^ "Ramdev's close aide and Patanjali CEO Acharya Balakrishna now worth Rs 25,600 crore". DNA. 14 September 2016. Retrieved 13 October 2016.

External link[edit]

Balkrishna's profile in Forbes